EQT Midstream Partners Announces Pricing of Senior Notes

  EQT Midstream Partners Announces Pricing of Senior Notes

Business Wire

PITTSBURGH -- July 29, 2014

EQT Midstream Partners, LP (NYSE: EQM), an EQT Corporation company, announced
today that it has priced an offering of $500 million in aggregate principal
amount of 4.00% senior notes due August 2024 at a price to the public of
99.422% of their face value. EQT Midstream Partners, LP (Partnership) expects
the offering to close on August 1, 2014.

The Partnership intends to use the net proceeds from the offering to repay the
amounts outstanding under its credit facility and for general Partnership
purposes.

Deutsche Bank Securities, J.P. Morgan Securities LLC, and Goldman, Sachs & Co.
are acting as representatives of the several underwriters for the offering.
Copies of the preliminary prospectus supplement, prospectus supplement and
accompanying base prospectus relating to the offering may be obtained, free of
charge, on the Securities and Exchange Commission’s website at www.sec.gov or
from the underwriters of the offering as follows:

      Deutsche Bank Securities            J.P. Morgan Securities
                                                      LLC
            Attn: Prospectus Group                    383 Madison Avenue
            60 Wall Street                            New York, New York 10179
                                                      Attention: Investment
            New York, NY 10005-2836                   Grade Syndicate Desk,
                                                      3rd Floor
            Prospectus.CPDG@db.com                    Telephone (collect):
                                                      212-834-4533
            Telephone: 800-503-4611
                                                      
            Goldman, Sachs & Co.                      
            Attn: Prospectus Department
            200 West Street
            New York, NY 10282
            prospectus-ny@ny.email.gs.com
            Telephone: 866-471-2526
                                                      

This news release does not constitute an offer to sell or the solicitation of
an offer to buy the securities described herein, nor shall there be any sale
of these securities in any state or jurisdiction in which such an offer,
solicitation, or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction. The offering is
being made only by means of a prospectus and related prospectus supplement
meeting the requirements of Section 10 of the Securities Act of 1933, as
amended.

About EQT Midstream Partners:
EQT Midstream Partners, LP is a growth-oriented limited partnership formed by
EQT Corporation to own, operate, acquire, and develop midstream assets in the
Appalachian Basin. The Partnership provides midstream services to EQT
Corporation and third-party companies through its strategically located
transmission, storage, and gathering systems that service the Marcellus and
Utica regions. The Partnership owns 700 miles and operates an additional 200
miles of FERC-regulated interstate pipelines; and also owns more than 1,600
miles of high- and low-pressure gathering lines.

Cautionary Statements
Disclosures in this news release contain certain forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and Section 27A of the Securities Act of 1933, as amended. Statements
that do not relate strictly to historical or current facts are
forward-looking. Without limiting the generality of the foregoing,
forward-looking statements contained in this news release specifically include
the expectations of plans, strategies, objectives and growth of the
Partnership and its subsidiaries, including guidance relating to the expected
consummation of the offering and the Partnership’s expected use of proceeds
from the offering. These statements involve risks and uncertainties that could
cause actual results to differ materially from projected results. Accordingly,
investors should not place undue reliance on forward-looking statements as a
prediction of actual results. The Partnership has based these forward-looking
statements on current expectations and assumptions about future events. While
the Partnership considers these expectations and assumptions to be reasonable,
they are inherently subject to significant business, economic, competitive,
regulatory and other risks and uncertainties, most of which are difficult to
predict and many of which are beyond the Partnership's control. The risks and
uncertainties that may affect the operations, performance and results of the
Partnership's business and forward-looking statements include, but are not
limited to, those risks discussed in the Partnership's most recent Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the
Securities and Exchange Commission. Any forward-looking statement speaks only
as of the date on which such statement is made and the Partnership does not
intend to correct or update any forward-looking statement, whether as a result
of new information, future events or otherwise.

Contact:

EQT Midstream Partners
Analyst inquiries please contact:
Nate Tetlow, 412-553-5834
Investor Relations Manager
ntetlow@eqtmidstreampartners.com
or
Patrick Kane, 412-553-7833
Chief Investor Relations Officer
pkane@eqtmidstreampartners.com
or
Media inquiries please contact:
Natalie Cox, 412-395-3941
Corporate Director, Communications
ncox@eqtmidstreampartners.com
 
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